This study empirically tests the hypothesis that boards with higher shareholder confidence level can significantly improve corporate financial performance. The hypothesis is tested by examining the relationship between operating earnings in excess of the cost of capital (Excess Return) for a sample of 196 large publicly traded Canadian firms from 2002-2006. A notable and significant positive relationship exists between Excess Return and the shareholders' evaluation of board performance. High shareholder confidence of the board serves to foster improved corporate financial performance for firms.